Qualcomm has the cash to buy AMD for $3 billion so that would not be a problem. Qualcomm could just buy the server sector of AMD giving the outfit a much powerful chip with some amazing graphics. This would fit with Qualcomm CEO Steve Mollenkopf's recent statements that it was looking out for was to expand its server business.

However, what might be a problem is Intel might not let Qualcomm use x86 technology, although it is not clear why it wouldn't. Intel has managed to keep anti-trust regulators off its back by letting AMD have x86 and it has not exactly harmed its business. True, having someone like Qualcomm in there might be a bit more of a challenge, but then – why the hell not.  It is better than being hounded by regulators.

Well it would shake up the mobile market for one thing. Users will get better graphics on their phones and there would be APUs for integrated graphics.